Palantir, Goldman Sachs and One Peak alumni raise €5M pre-seed round to build a tech-native audit firm
For two decades, the standard way to modernize auditing has been to build software and sell it to auditors. Benford has decided to skip the middleman and become the auditor.
Today, the Oslo- and London-based company Benford announced it has raised €5 million in pre-seed funding to build a tech-focused financial audit firm.
The company aims to handle the entire statutory audit process, from a client’s systems to the signed opinion. firstminute capital led the funding round, with Global Founders Capital and Sondo also backing the company.
The list of angel investors includes well-known names from European finance software, such as Peter ter Maaten of HSO, Arthur Waller and Quentin de Metz of Pennylane, Alexandre Prot of Qonto, and the Spandow family from Amesto.
Benford did not share the company’s valuation, but it is already a registered audit firm in Norway and says its proprietary engine, AuditOS, is currently...
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